Securities and Exchange Board of India (hereinafter referred to as “SEBI”) conducted investigation into the alleged irregularity in the trading in the shares of M/s. Helios and Matheson Information Technology Ltd. (hereinafter referred to as “Noticee”) for the period February 2005 to September 2006 (hereinafter referred to as “Investigation Period”).
On the conclusion of investigation by SEBI, Adjudication Proceedings under section 15I of the SEBI Act, 1992 (hereinafter referred to as “Act”) were initiated in respect of the Noticee.
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